$265 Million Scandal Hits Adani Group! But why is GQG Partners still backing Gautam Adani’s empire?
Despite the bribery allegations against Adani Green Energy, Rajiv Jain’s GQG Partners, holding a $9.7 billion stake across seven Adani companies, isn’t budging. While Adani stocks initially crashed, wiping out ₹2.45 lakh crore in market value, GQG remains confident in the strong fundamentals of its investments, emphasizing that the allegations target individuals, not the broader operations.
Since investing during the Hindenburg crisis, GQG has seen positive returns and believes in the long-term growth of Adani Enterprises, Adani Ports, and Adani Green Energy. Meanwhile, French energy giant TotalEnergies has paused new investments until the scandal clears up.
Could this controversy limit Adani’s access to foreign capital? GQG thinks not, pointing out that India’s domestic banks continue supporting the conglomerate.
#Adani #USA #AdaniStocks #IndianEconomy #Businessnews #geopolitics
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